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Minutes of Board of Selectmen Special Meeting, 01/25/2016

AGENDA: Board of Selectmen Special Meeting

RECEIVED 01/26/2016 2:29pm
Michele R. Grande – Redding Town Clerk

Minutes

The meeting was called to order at 8:45 pm

No members of the public were in attendance.

The Selectmen discussed a resolution to authorize the refunding of the Town’s General Obligation bonds, recommended by the Board of Finance at their meeting on January 25, 2016.

Motion:  Move that the Board of Selectmen adopt a resolution on the recommendation of the Board of Finance, to approve the issuance of refunding bonds in an amount not to exceed $7,500,000 to fund the appropriation authorized by section ii of the resolution, for the funding and redemption and the payment, in whole or in part, of the outstanding principal, accrued interest and any call premium on all or any portion of any issue of the Town’s General Obligation bonds including but not limited to, the Town’s General Obligation bonds, Issue 2010, (the “Prior Bonds”), together with the costs of issuance including, but not limited to, any applicable consultants’ fees, legal fees, trustee and escrow agent fees, investment fees, verification fees, credit enhancement fees, underwriters’ fees, bond insurance premiums, net temporary interest and other financing or transactional costs, and other expenses related to the payment or redemption of such bonds for the purposes of refunding them. Karvelis. Thompson.  Approved.  Unanimous.

Move to adjourn. Karvelis.  Thompson. Approved.  Unanimous.

The meeting adjourned at 8:57 pm

Submitted by,
Julia Pemberton
First Selectman

 

 

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